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NMDC, SAIL incorporate subsidiary company for sale, supply of iron ore

28 May 2016 Evaluate

State-run miner, NMDC and Steel Authority of India (SAIL) have incorporated a subsidiary company by the name ‘NMDC-SAIL’ on May 23, 2016, in order to develop and explore sale/ supply of iron ore from the allocated mining resource in the State of Chhattisgarh.

In the new company, NMDC will hold a 51percent stake, while SAIL will have a 49 percent stake.

NMDC is engaged in the mining of iron ore. The Company's business segments include Iron Ore and Other minerals & services. The Company is also engaged in the exploration of various minerals, including copper, rock phosphate, lime stone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite and beach sands.

 

NMDC Share Price

89.78 2.60 (2.98%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 438.70
NMDC 89.78
GMDC 733.40
Sandur Manganese 218.35
MOIL 327.60
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